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Jobisdone [24]
3 years ago
15

The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product respectively. Therefore, the: G

roup of answer choices marginal product of the third worker is 9. total product of the three workers is 54. average product of the three workers is 18. marginal product of the first worker is 18.
Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer:

marginal product of the third worker is 9.

Explanation:

Marginal product is the change in total product of labour as a result of increase labour by one unit

Marginal product = change in total product / change in labour

marginal product of third worker = (18 - 9) / (3 - 2) = 9

Total product is the sum of each individual total product = 24 + 18 + 9 = 51

Average product = total product /3 = 51 / 3 = 17

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Harry runs a small manufacturing business. He plans to advertise his products. Currently, he is learning about the various benef
trasher [3.6K]

Answer:

OC. Radio.

Explanation:

In all the other ones you can see and know what you might be expecting. But in radio, you don't know what to look for or what to expect.

7 0
3 years ago
Cost of transporting raw materials in the manufacture of steel is unimportant in considerations of where to locate a steel mill.
V125BC [204]

Answer:

The correct answer is False.

Explanation:

The manufacture of iron and steel involves a series of complex processes, whereby iron ore is extracted to produce steel products, using coke and limestone. The conversion processes follow the following steps:

(a) coal coke production, and by-product recovery,

(b) mineral preparation (eg, synthesize and form pellets),

(c) iron production,

(d) steel production, and

(e) casting, laminating and finishing.

You can perform these steps in a single installation, or in several completely separate locations. In many developing countries, scrap steel is manufactured in an electric arc furnace. Therefore, steps (a) through (c) may not always be applicable to all steelmaking projects. An alternative way to produce steel is that of direct reduction, using natural gas and hydrogen. The product of this process, spongy iron, becomes a steel arc furnace; then the ingots melt, and for this the non-flat products are produced with one or two laminators. They are called "mini factories".

4 0
4 years ago
Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $54,000. The annual cash inflows for t
hoa [83]

Answer:

This question does not include what you are required to do. I looked it up on the web and it is asking for the Internal rate of return (IRR)

Explanation:

Internal rate of return used in project evaluations is the rate at which the NPV of a project equals to zero.

You can solve for IRR using a financial calculator and the cashflow "CF " function.  Key in the following inputs;

Initial investment; CF0 = -54,000

Yr1 cashflow inflow ; C01 = 27,000

Yr2 cashflow inflow ; C02 = 25,000

Yr3 cashflow inflow ; C03 = 20,000

Then key in IRR then CPT = 16.792%

Therefore, the Internal rate of return(IRR) for this equipment  is 16.79%

7 0
4 years ago
Great Lake Glassware Company issues $ 1 comma 197 comma 000 of its 12​%, 10minusyear bonds at 95 on February​ 28, 2018. The bond
Wewaii [24]

Answer:

Dr interest expense 74,812.50

    Cr Cash 71,820

    Cr Discount on bonds payable 2,992.50

Explanation:

the cash interest payments = principal x coupon rate x 1/2 (semiannual) =$1,197,000 x 12% x 0.5 = $71,820

since the bonds were sold at a discount, we must add the discount amortization = [($1,197,000 x 5%) / 10 years] x 1/2 = $5,985 x 0.5 = $2,992.50

total interest expense = $71,820 + $2,992.50 = $74,812.50

So the journal entry should be:

Dr interest expense 74,812.50

    Cr Cash 71,820

    Cr Discount on bonds payable 2,992.50

5 0
4 years ago
You are the owner of a small catering company and have recently hired a skilled baker to complement your staff. When business is
bonufazy [111]

Answer: Style 1 should be used

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6 0
3 years ago
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